I have a plot at Visakhapatnam. I have entered into a
contract with a builder which enables him to construct 10
flats on the plot and builder and myself will share 50:50
of the constructed area. i.e. builder will get 5 and i will
get 5 flats. Builder is not paying me any other
consideration apart from 5 flats. Kindly clarify as to
whether any servive tax is applicable and payable by me ?-
kgr varma
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